Ohio City condo tied to laundering case to be auctioned

Catch up quick: Gary Harmon purchased the property for $600,000 in 2021, shortly after its construction.

• Harmon is the younger brother of Larry Harmon, the founder of Helix, a bitcoin company that was used to shield proceeds from drug trafficking and other illicit activities on the dark web.
• Larry was arrested in 2020 and pleaded guilty in 2021 to money laundering conspiracy. Per the U.S. Department of Justice, Gary then used his brother's passwords to access seized bitcoin wallets and transfer the equivalent of $4.8 million to new bitcoin wallets.
• Gary used some of that bitcoin as collateral for a loan, which he used to purchase the Ohio City condo.

State of play: Gary was sentenced to four years in prison for diverting the bitcoin from federal seizure. The cryptocurrency was liquidated and the Cleveland condo will be auctioned.

Zoom in: The 2,300-square-foot, two-level property is located at 3705 Clinton Ave., a short walk from the Hingetown section of Ohio City.

• It includes a wet bar, patio and one-car garage. HOA dues are $575 per month.

What's next: Those interested must register for the auction and submit a $25,000 deposit by May 23.